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CASH

Horizons High Interest Savings ETF

Price
$50.01
$0.01
0.02%
NAV
$49.9998
$-0.1671
-0.33%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH

QQCC

Horizons NASDAQ-100 Covered Call ETF

Price
$9.56
$-0.04
-0.42%
NAV
$9.8753
$0.2847
2.97%

Active

Covered Call

Fact Sheet
Learn more about QQCC

HRAA

Horizons ReSolve Adaptive Asset Allocation ETF

Price
$11.14
$-0.13
-1.15%
NAV
$11.2092
$-0.0103
-0.09%

Active

Corporate Class – Alternative

Fact Sheet
Learn more about HRAA
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HMP

Horizons Active Cdn Municipal Bond ETF

Municipal Bonds: A Safe Haven for Income

Municipal bonds are debt securities generally issued by cities, municipalities or municipal finance authorities to finance local capital expenditures such as the construction of bridges, highways, airports or schools. Horizons Active Cdn Municipal Bond ETF (HMP) is the first ETF in Canada to provide unitholders with exposure to a portfolio of Canadian municipal bonds.

Key Features

• Generally higher yielding than federal and provincial bonds
• Lower-risk profile compared to investment grade corporate bonds
• Greater liquidity and diversification than owning an individual municipal bond directly
• Get The Active Advantage™ in the municipal market with sub-advisor Fiera Capital
• Independent credit analysis on all holdings
• HMP accepts in-kind subscriptions of municipal bonds for ETF units1

1Within certain parameters

Investment Objective

HMP seeks to provide unitholders with a high level of income by investing primarily in a portfolio of Canadian municipal bonds denominated in Canadian dollars.

Fund Details

Ticker
HMP
Inception Date
August 12, 2015
Net Assets ?
$42,449,217
As at  November 30, 2022
Consolidated Prior Day Volume ?
8,979
For  November 30, 2022
Average Daily Trading Volume Over a 12 Month Period ?
37,846
As at  November 30, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.29%
(Plus applicable sales tax)
Management Expense Ratio ?
0.35%
As at June 30, 2022
Currency
CAD
Currency Hedging
N/A
LEI ?
549300FWSOE7HLKFR449
Most Recent Distributions Per Unit
0.03012
Estimated Annualized Yield ?
3.91 %
12-Month Trailing Yield ?
2.57 %
Distribution Frequency
Monthly
Record Date
November 30, 2022
NAV / Unit
$9.2068
Price
$9.26
Premium Discount
$0.05
Premium Discount Percentage
0.57%
Outstanding Shares
4,610,632
Weighted Average Duration ?
2.85
Weighted Average Coupon ?
2.41
Weighted Average Yield to Maturity ?
4.64

The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.

The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.

Annualized Performance (%) *

1mo 3mo 6mo YTD 1 yr 3 yr 5 yr 10 yr SIR**
Horizons Active Cdn Municipal Bond ETF -0.15 -1.39 -1.10 -5.00 -4.44 -0.29 0.88 -- 0.97

**Fund performance since inception on August 12, 2015, as at October 31, 2022

Calendar Year Performance (%) *

2014 2015 2016 2017 2018 2019 2020 2021

Horizons Active Cdn Municipal Bond ETF

-- -- 1.18 0.86 2.18 3.15 5.56 -1.01

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2022 11/29/2022 11/30/2022 12/12/2022 0.03012 Monthly
2022 10/28/2022 10/31/2022 11/10/2022 0.03012 Monthly
2022 09/28/2022 09/29/2022 10/13/2022 0.03012 Monthly
2022 08/30/2022 08/31/2022 09/13/2022 0.03012 Monthly
2022 07/28/2022 07/29/2022 08/11/2022 0.01565 Monthly
2022 06/29/2022 06/30/2022 07/13/2022 0.01575 Monthly
2022 05/30/2022 05/31/2022 06/10/2022 0.01575 Monthly
2022 04/28/2022 04/29/2022 05/11/2022 0.01575 Monthly
2022 03/30/2022 03/31/2022 04/12/2022 0.01635 Monthly
2022 02/25/2022 02/28/2022 03/10/2022 0.01635 Monthly
2022 01/28/2022 01/31/2022 02/10/2022 0.01635 Monthly
2021 12/30/2021 12/31/2021 01/13/2022 0.01662 Monthly
2021 11/29/2021 11/30/2021 12/10/2021 0.01662 Monthly
2021 10/28/2021 10/29/2021 11/10/2021 0.01662 Monthly
2021 09/28/2021 09/29/2021 10/13/2021 0.01684 Monthly
2021 08/30/2021 08/31/2021 09/13/2021 0.01684 Monthly
2021 07/29/2021 07/30/2021 08/12/2021 0.01684 Monthly
2021 06/29/2021 06/30/2021 07/13/2021 0.01684 Monthly
2021 05/28/2021 05/31/2021 06/10/2021 0.0168 Monthly
2021 04/29/2021 04/30/2021 05/12/2021 0.0168 Monthly
2021 03/30/2021 03/31/2021 04/13/2021 0.0168 Monthly
2021 02/25/2021 02/26/2021 03/10/2021 0.0168 Monthly
2021 01/28/2021 01/29/2021 02/10/2021 0.0187 Monthly
2020 12/30/2020 12/31/2020 01/13/2021 0.0187 Monthly
2020 11/27/2020 11/30/2020 12/10/2020 0.0187 Monthly
2020 10/29/2020 10/30/2020 11/12/2020 0.0187 Monthly
2020 09/29/2020 09/30/2020 10/13/2020 0.0187 Monthly
2020 08/28/2020 08/31/2020 09/11/2020 0.0187 Monthly
2020 07/30/2020 07/31/2020 08/13/2020 0.0187 Monthly
2020 06/29/2020 06/30/2020 07/13/2020 0.0186 Monthly
2020 05/28/2020 05/29/2020 06/10/2020 0.0186 Monthly
2020 04/29/2020 04/30/2020 05/12/2020 0.0186 Monthly
2020 03/30/2020 03/31/2020 04/13/2020 0.0185 Monthly
2020 02/27/2020 02/28/2020 03/11/2020 0.0185 Monthly
2020 01/30/2020 01/31/2020 02/12/2020 0.0185 Monthly
2019 12/30/2019 12/31/2019 01/13/2020 0.0278 Monthly
2019 11/28/2019 11/29/2019 12/11/2019 0.0203 Monthly
2019 10/30/2019 10/31/2019 11/13/2019 0.0192 Monthly
2019 09/27/2019 09/30/2019 10/10/2019 0.0188 Monthly
2019 08/29/2019 08/30/2019 09/12/2019 0.0188 Monthly
2019 07/30/2019 07/31/2019 08/13/2019 0.0188 Monthly
2019 06/27/2019 06/28/2019 07/11/2019 0.0171 Monthly
2019 05/30/2019 05/31/2019 06/12/2019 0.0171 Monthly
2019 04/29/2019 04/30/2019 05/10/2019 0.0171 Monthly
2019 03/28/2019 03/29/2019 04/10/2019 0.0173 Monthly
2019 02/27/2019 02/28/2019 03/12/2019 0.0173 Monthly
2019 01/30/2019 01/31/2019 02/12/2019 0.0173 Monthly
2018 12/28/2018 12/31/2018 01/11/2019 0.017 Monthly
2018 11/29/2018 11/30/2018 12/12/2018 0.017 Monthly
2018 10/30/2018 10/31/2018 11/13/2018 0.017 Monthly
2018 09/27/2018 09/28/2018 10/11/2018 0.0163 Monthly
2018 08/30/2018 08/31/2018 09/13/2018 0.0163 Monthly
2018 07/30/2018 07/31/2018 08/13/2018 0.0163 Monthly
2018 06/28/2018 06/29/2018 07/12/2018 0.0166 Monthly
2018 05/30/2018 05/31/2018 06/12/2018 0.0166 Monthly
2018 04/27/2018 04/30/2018 05/10/2018 0.0166 Monthly
2018 03/28/2018 03/29/2018 04/11/2018 0.0166 Monthly
2018 02/27/2018 02/28/2018 03/12/2018 0.0166 Monthly
2018 01/30/2018 01/31/2018 02/12/2018 0.0166 Monthly
2017 12/28/2017 12/29/2017 01/11/2018 0.0166 Monthly
2017 11/29/2017 11/30/2017 12/12/2017 0.0166 Monthly
2017 10/30/2017 10/31/2017 11/10/2017 0.0166 Monthly
2017 09/28/2017 09/29/2017 10/12/2017 0.0169 Monthly
2017 08/29/2017 08/31/2017 09/13/2017 0.0169 Monthly
2017 07/27/2017 07/31/2017 08/11/2017 0.0169 Monthly
2017 06/28/2017 06/30/2017 07/13/2017 0.0174 Monthly
2017 05/29/2017 05/31/2017 06/12/2017 0.0174 Monthly
2017 04/25/2017 04/27/2017 05/09/2017 0.0174 Monthly
2017 03/29/2017 03/31/2017 04/12/2017 0.0174 Monthly
2017 02/24/2017 02/28/2017 03/10/2017 0.0174 Monthly
2017 01/27/2017 01/31/2017 02/10/2017 0.0174 Monthly
2016 12/28/2016 12/30/2016 01/12/2017 0.0183 Monthly
2016 11/28/2016 11/30/2016 12/01/2016 0.0183 Monthly
2016 10/27/2016 10/31/2016 11/10/2016 0.0183 Monthly
2016 09/28/2016 09/30/2016 10/13/2016 0.0182 Monthly
2016 08/29/2016 08/31/2016 09/13/2016 0.0183 Monthly
2016 07/27/2016 07/29/2016 08/11/2016 0.0188 Monthly
2016 06/28/2016 06/30/2016 07/13/2016 0.0192 Monthly
2016 05/27/2016 05/31/2016 06/19/2016 0.0192 Monthly
2016 04/27/2016 04/29/2016 05/11/2016 0.0192 Monthly
2016 03/29/2016 03/31/2016 04/12/2016 0.0198 Monthly
2016 02/25/2016 02/29/2016 03/10/2016 0.0198 Monthly
2016 01/27/2016 01/29/2016 02/10/2016 0.0198 Monthly
2015 12/29/2015 12/31/2015 01/13/2016 0.0125 Monthly
2015 11/26/2015 11/30/2015 12/10/2015 0.0151 Monthly
2015 10/28/2015 10/31/2015 11/12/2015 0.0152 Monthly
2015 09/28/2015 09/30/2015 10/13/2015 0.0181 Monthly

Sector Allocation

As at October 31, 2022
Municipal 82.92%
Provincial 16.89%
Cash & Equivalents 0.18%

Top 10 Holdings

As at October 31, 2022
Security Name Weight
Ontario Province 2.60% 02-Jun-2027 15.91%
Montreal City 2.75% 01-Sep-2026 5.04%
Montreal City 3.00% 01-Sep-2027 4.78%
Boucherville City 1.20% 08-Jul-2025 2.98%
Repentigny City 4.30% 27-Jun-2026 2.01%
Repentigny City 4.15% 27-Jun-2025 1.93%
Saint-Donat Municipality 2.00% 11-Feb-2025 1.85%
Saint-Donat Municipality 2.10% 11-Feb-2026 1.77%
Saint-Eustache City 3.85% 27-Nov-2023 1.75%
Saint-Zotique Municipality 2.25% 29-Oct-2024 1.61%
At a Glance

Municipal Bonds: A Safe Haven for Income

Municipal bonds are debt securities generally issued by cities, municipalities or municipal finance authorities to finance local capital expenditures such as the construction of bridges, highways, airports or schools. Horizons Active Cdn Municipal Bond ETF (HMP) is the first ETF in Canada to provide unitholders with exposure to a portfolio of Canadian municipal bonds.

Key Features

• Generally higher yielding than federal and provincial bonds
• Lower-risk profile compared to investment grade corporate bonds
• Greater liquidity and diversification than owning an individual municipal bond directly
• Get The Active Advantage™ in the municipal market with sub-advisor Fiera Capital
• Independent credit analysis on all holdings
• HMP accepts in-kind subscriptions of municipal bonds for ETF units1

1Within certain parameters

Product Facts

Investment Objective

HMP seeks to provide unitholders with a high level of income by investing primarily in a portfolio of Canadian municipal bonds denominated in Canadian dollars.

Fund Details

Ticker
HMP
Inception Date
August 12, 2015
Net Assets ?
$42,449,217
As at November 30, 2022
Consolidated Prior Day Volume ?
8,979
For November 30, 2022
Average Daily Trading Volume Over a 12 Month Period ?
37,846
As at November 30, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.29%
(Plus applicable sales tax)
Management Expense Ratio ?
0.35%
 As at June 30, 2022
Currency
CAD
Currency Hedging
N/A
LEI ?
549300FWSOE7HLKFR449
Most Recent Distributions Per Unit
0.03012
Estimated Annualized Yield ?
3.91%
12-Month Trailing Yield ?
2.57%
Distribution Frequency
Monthly
Record Date
November 30, 2022
NAV / Unit
$9.2068
Price
$9.26
Premium Discount
$0.05
Premium Discount Percentage
0.57%
Outstanding Shares
4,610,632
Weighted Average Duration ?
2.85
Weighted Average Coupon ?
2.41
Weighted Average Yield to Maturity ?
4.64

The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.

The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.

Performance & Distributions

Annualized Performance (%) *

1mo 3mo 6mo YTD 1 yr 3 yr 5 yr 10 yr SIR**
Horizons Active Cdn Municipal Bond ETF -0.15 -1.39 -1.10 -5.00 -4.44 -0.29 0.88 -- 0.97

**Fund performance since inception on August 12, 2015, as at October 31, 2022

Calendar Year Performance (%)

2014 2015 2016 2017 2018 2019 2020 2021
Horizons Active Cdn Municipal Bond ETF -- -- 1.18 0.86 2.18 3.15 5.56 -1.01

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2022 11/29/2022 11/30/2022 12/12/2022 0.03012 Monthly
2022 10/28/2022 10/31/2022 11/10/2022 0.03012 Monthly
2022 09/28/2022 09/29/2022 10/13/2022 0.03012 Monthly
2022 08/30/2022 08/31/2022 09/13/2022 0.03012 Monthly
2022 07/28/2022 07/29/2022 08/11/2022 0.01565 Monthly
2022 06/29/2022 06/30/2022 07/13/2022 0.01575 Monthly
2022 05/30/2022 05/31/2022 06/10/2022 0.01575 Monthly
2022 04/28/2022 04/29/2022 05/11/2022 0.01575 Monthly
2022 03/30/2022 03/31/2022 04/12/2022 0.01635 Monthly
2022 02/25/2022 02/28/2022 03/10/2022 0.01635 Monthly
2022 01/28/2022 01/31/2022 02/10/2022 0.01635 Monthly
2021 12/30/2021 12/31/2021 01/13/2022 0.01662 Monthly
2021 11/29/2021 11/30/2021 12/10/2021 0.01662 Monthly
2021 10/28/2021 10/29/2021 11/10/2021 0.01662 Monthly
2021 09/28/2021 09/29/2021 10/13/2021 0.01684 Monthly
2021 08/30/2021 08/31/2021 09/13/2021 0.01684 Monthly
2021 07/29/2021 07/30/2021 08/12/2021 0.01684 Monthly
2021 06/29/2021 06/30/2021 07/13/2021 0.01684 Monthly
2021 05/28/2021 05/31/2021 06/10/2021 0.0168 Monthly
2021 04/29/2021 04/30/2021 05/12/2021 0.0168 Monthly
2021 03/30/2021 03/31/2021 04/13/2021 0.0168 Monthly
2021 02/25/2021 02/26/2021 03/10/2021 0.0168 Monthly
2021 01/28/2021 01/29/2021 02/10/2021 0.0187 Monthly
2020 12/30/2020 12/31/2020 01/13/2021 0.0187 Monthly
2020 11/27/2020 11/30/2020 12/10/2020 0.0187 Monthly
2020 10/29/2020 10/30/2020 11/12/2020 0.0187 Monthly
2020 09/29/2020 09/30/2020 10/13/2020 0.0187 Monthly
2020 08/28/2020 08/31/2020 09/11/2020 0.0187 Monthly
2020 07/30/2020 07/31/2020 08/13/2020 0.0187 Monthly
2020 06/29/2020 06/30/2020 07/13/2020 0.0186 Monthly
2020 05/28/2020 05/29/2020 06/10/2020 0.0186 Monthly
2020 04/29/2020 04/30/2020 05/12/2020 0.0186 Monthly
2020 03/30/2020 03/31/2020 04/13/2020 0.0185 Monthly
2020 02/27/2020 02/28/2020 03/11/2020 0.0185 Monthly
2020 01/30/2020 01/31/2020 02/12/2020 0.0185 Monthly
2019 12/30/2019 12/31/2019 01/13/2020 0.0278 Monthly
2019 11/28/2019 11/29/2019 12/11/2019 0.0203 Monthly
2019 10/30/2019 10/31/2019 11/13/2019 0.0192 Monthly
2019 09/27/2019 09/30/2019 10/10/2019 0.0188 Monthly
2019 08/29/2019 08/30/2019 09/12/2019 0.0188 Monthly
2019 07/30/2019 07/31/2019 08/13/2019 0.0188 Monthly
2019 06/27/2019 06/28/2019 07/11/2019 0.0171 Monthly
2019 05/30/2019 05/31/2019 06/12/2019 0.0171 Monthly
2019 04/29/2019 04/30/2019 05/10/2019 0.0171 Monthly
2019 03/28/2019 03/29/2019 04/10/2019 0.0173 Monthly
2019 02/27/2019 02/28/2019 03/12/2019 0.0173 Monthly
2019 01/30/2019 01/31/2019 02/12/2019 0.0173 Monthly
2018 12/28/2018 12/31/2018 01/11/2019 0.017 Monthly
2018 11/29/2018 11/30/2018 12/12/2018 0.017 Monthly
2018 10/30/2018 10/31/2018 11/13/2018 0.017 Monthly
2018 09/27/2018 09/28/2018 10/11/2018 0.0163 Monthly
2018 08/30/2018 08/31/2018 09/13/2018 0.0163 Monthly
2018 07/30/2018 07/31/2018 08/13/2018 0.0163 Monthly
2018 06/28/2018 06/29/2018 07/12/2018 0.0166 Monthly
2018 05/30/2018 05/31/2018 06/12/2018 0.0166 Monthly
2018 04/27/2018 04/30/2018 05/10/2018 0.0166 Monthly
2018 03/28/2018 03/29/2018 04/11/2018 0.0166 Monthly
2018 02/27/2018 02/28/2018 03/12/2018 0.0166 Monthly
2018 01/30/2018 01/31/2018 02/12/2018 0.0166 Monthly
2017 12/28/2017 12/29/2017 01/11/2018 0.0166 Monthly
2017 11/29/2017 11/30/2017 12/12/2017 0.0166 Monthly
2017 10/30/2017 10/31/2017 11/10/2017 0.0166 Monthly
2017 09/28/2017 09/29/2017 10/12/2017 0.0169 Monthly
2017 08/29/2017 08/31/2017 09/13/2017 0.0169 Monthly
2017 07/27/2017 07/31/2017 08/11/2017 0.0169 Monthly
2017 06/28/2017 06/30/2017 07/13/2017 0.0174 Monthly
2017 05/29/2017 05/31/2017 06/12/2017 0.0174 Monthly
2017 04/25/2017 04/27/2017 05/09/2017 0.0174 Monthly
2017 03/29/2017 03/31/2017 04/12/2017 0.0174 Monthly
2017 02/24/2017 02/28/2017 03/10/2017 0.0174 Monthly
2017 01/27/2017 01/31/2017 02/10/2017 0.0174 Monthly
2016 12/28/2016 12/30/2016 01/12/2017 0.0183 Monthly
2016 11/28/2016 11/30/2016 12/01/2016 0.0183 Monthly
2016 10/27/2016 10/31/2016 11/10/2016 0.0183 Monthly
2016 09/28/2016 09/30/2016 10/13/2016 0.0182 Monthly
2016 08/29/2016 08/31/2016 09/13/2016 0.0183 Monthly
2016 07/27/2016 07/29/2016 08/11/2016 0.0188 Monthly
2016 06/28/2016 06/30/2016 07/13/2016 0.0192 Monthly
2016 05/27/2016 05/31/2016 06/19/2016 0.0192 Monthly
2016 04/27/2016 04/29/2016 05/11/2016 0.0192 Monthly
2016 03/29/2016 03/31/2016 04/12/2016 0.0198 Monthly
2016 02/25/2016 02/29/2016 03/10/2016 0.0198 Monthly
2016 01/27/2016 01/29/2016 02/10/2016 0.0198 Monthly
2015 12/29/2015 12/31/2015 01/13/2016 0.0125 Monthly
2015 11/26/2015 11/30/2015 12/10/2015 0.0151 Monthly
2015 10/28/2015 10/31/2015 11/12/2015 0.0152 Monthly
2015 09/28/2015 09/30/2015 10/13/2015 0.0181 Monthly
Holdings

Sector Allocation

As at October 31, 2022
Municipal 82.92%
Provincial 16.89%
Cash & Equivalents 0.18%

Top 10 Holdings

As at October 31, 2022
Security Name Weight
Ontario Province 2.60% 02-Jun-2027 15.91%
Montreal City 2.75% 01-Sep-2026 5.04%
Montreal City 3.00% 01-Sep-2027 4.78%
Boucherville City 1.20% 08-Jul-2025 2.98%
Repentigny City 4.30% 27-Jun-2026 2.01%
Repentigny City 4.15% 27-Jun-2025 1.93%
Saint-Donat Municipality 2.00% 11-Feb-2025 1.85%
Saint-Donat Municipality 2.10% 11-Feb-2026 1.77%
Saint-Eustache City 3.85% 27-Nov-2023 1.75%
Saint-Zotique Municipality 2.25% 29-Oct-2024 1.61%

Related Posts

At Horizons ETFs, we believe in education as empowerment. We endeavor to equip Canadian investors with the knowledge and tools they need to navigate the investing world. From the ETF basics to more complex topics like how our suite of inverse and leveraged funds work, our comprehensive learning library aims to be accessible for all investors, from beginners to experienced traders!